Great Portland Estates (LON:GPE) Stock Price Up 3.4%

Great Portland Estates Plc (LON:GPEGet Rating) shares rose 3.4% during mid-day trading on Tuesday . The company traded as high as GBX 517 ($6.43) and last traded at GBX 514.50 ($6.40). Approximately 270,573 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 325,633 shares. The stock had previously closed at GBX 497.80 ($6.19).

Analyst Ratings Changes

Separately, Numis Securities restated a “buy” rating and issued a GBX 620 ($7.71) price target on shares of Great Portland Estates in a research report on Thursday, February 9th.

Great Portland Estates Trading Up 3.4 %

The stock’s 50 day moving average is GBX 509.56 and its two-hundred day moving average is GBX 529.57. The company has a market capitalization of £1.31 billion, a PE ratio of 7,350.00, a price-to-earnings-growth ratio of 7.75 and a beta of 0.81. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 33.83.

Insider Buying and Selling

In related news, insider Dan Nicholson acquired 6,314 shares of the business’s stock in a transaction dated Friday, March 24th. The shares were purchased at an average price of GBX 473 ($5.88) per share, for a total transaction of £29,865.22 ($37,145.80). Insiders acquired a total of 6,399 shares of company stock valued at $3,031,587 over the last three months. 1.44% of the stock is owned by company insiders.

About Great Portland Estates

(Get Rating)

We are a FTSE 250 property investment and development company owning £2.6 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London's property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.

Further Reading

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